On Monday, the Thomas Cook Group announced the acquisition of Oger Tours, a well-known Turkish-owned tour company operating in Germany and specializing in tours to Turkey, in a deal worth around EUR 30 million.

The Oger brand and the companys Hamburg headquarters will remain, while Oger will join the supervisory board of Thomas Cooks German branch. Thomas Cooks CEO Manny Fontenla-Novoa said the acquisition will further boost its presence in Turkey, a strategically important destination for all of the companys European markets.

Oger Tours founder Vural Oger said his company and Thomas Cook will work together to further develop Turkeys potential as a tourist destination.